In a significant turnaround, the Shiba Inu (SHIB) coin has rebounded following an important announcement from its community about the upcoming launch of the Shiba Eternity Web3 version. This integration is set to enhance the SHIB ecosystem and bring new opportunities to its users.
Shiba Inu Community’s Exciting News Boosts SHIB Price
Shiba Inu experienced a noticeable price recovery today, fueled by an announcement from the SHIB community regarding the Web3 version of the Shiba Eternity game. This new version, expected to launch in closed beta in Q3 2024, will be integrated with the Shibarium layer-2 solution.
Web3 Version of Shiba Eternity: A Game-Changer
The SHIB community is eagerly awaiting the release of the Web3 version of Shiba Eternity. Scheduled for a closed beta launch later this year, this version will be powered by Shibarium, promising a more immersive gaming experience with true ownership of in-game assets and a player-driven economy. Lucie, Shiba Inu’s marketing lead, noted that this development has already captured significant market attention.
Shiba Eternity, first launched in October 2022, has maintained a loyal player base due to its engaging gameplay. The transition to Web3 aims to further enhance this experience by incorporating decentralized elements and ensuring seamless gameplay.
Revenue and Token Burns
The integration of Shiba Eternity with Shibarium is not just about enhancing gameplay but also about strengthening the SHIB ecosystem. In-app purchases in the game will contribute to burning SHIB and LEASH tokens, creating a sustainable economic model within the game. This move aligns with the long-term vision of Shytoshi Kusama, Shiba Inu’s lead developer, who has consistently advocated for Shiba Eternity’s licensing on Shibarium.
Market Reaction and Future Prospects
The announcement has had an immediate positive impact on SHIB’s price, signaling growing confidence in Shiba Inu’s innovative capabilities. Shytoshi Kusama highlighted the potential of Shibarium to ensure seamless gameplay and introduce decentralized features, which are expected to further support SHIB and LEASH token burns through in-app purchases.
The Web3 release of Shiba Eternity is a crucial step in expanding the Shiba Inu ecosystem. It underscores Shiba Inu’s commitment to integrating innovative blockchain solutions and enhancing user experiences. As of writing, Shiba Inu’s price saw a near 1% increase, trading at $0.0000187, with a trading volume of $290.04 million. The buzz over the recent SHIB burn has also boosted market confidence, with SHIB Open Interest rising 0.8% to $39.26 million, according to CoinGlass data.
Also Read: Shiba Inu Investment: How $100 Weekly Investments Transformed into $641 Million
